Update on Nifty and Banknifty Spot

EOD Close below 10139  for Nifty Spot and  Close below 24266 for Banknifty Spot will be weak close. Nifty is at present correcting a 8 days fall and today is the 3rd day of correction. Intra strength above 10144 and 24300 for the respective Index Spots.

Intraday 28-3-2018

Nifty Future (Bias - Positive) 


Weak Below / Strong Above 10134. 


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 24282.  

Update on Nifty and Banknifty

Careful with longs as hourly is getting OB and esp weekend no longs at tomorrow eod!

Update on Nifty and Banknifty Spot

Nifty is showing strength 10213 to be watched from here. 10244  is next key resistance.
Banknifty is showing strength 24474 to be watched from here. 24650 is next key resistance.

Intraday 27-3-2018

Nifty Future (Bias - Positive) 

Weak Below / Strong Above 10178.  


Banknifty Future  (Bias - Positive)


Weak Below / Strong Above 24336.  

EOD 26-3-2018 - Nifty and Banknifty Spot

Nifty will face resistance near 10160 and tomorrow itself if it crosses 10228 some bullish charting will have to be drawn else Nifty is giving a corrective rally and will attempt to retest the lows or nearby sometime next month.

Banknifty will face resistance near 24300 and tomorrow itself if it crosses 24460 some bullish charting will have to be drawn else Banknifty is giving a corrective rally and will attempt to retest the lows or nearby sometime next month.

Update on Nifty and Banknifty Spot

Next critical levels for Nifty will be 10151 and 10213 and 
Next critical levels for Banknifty will be 24142 and 24308
Let's see thereafter

Nifty and Banknifty Update

Previous Support is now resistance for Nifty Spot on the closing basis. 10090-10110 range. Previous Support is now resistance for Banknifty Spot on the closing basis. 24000-24100 range.

Update on Banknifty Spot (Without charts)

A five wave fall from 25009.65 to the day's low completed today (Likely).  If so, it retracement time and 23886-23937 crucial initially, we can review thereafter! The fall duration has been 9 days. The last week's high low is critical i.e.  24,588.05 - 23,605.60 , if breached on Eod close basis!

Update on Nifty Spot

A five wave fall from 10478.60 to the day's low completed today (Likely).  If so, it retracement time and 10056-10075 crucial initially, we can review thereafter! The fall duration has been 9 days. The last week's high low is critical i.e. 10227.35 - 9951.90, if breached on Eod close basis!

Intraday 26-3-2018

Nifty Future (Bias - Negative) 


Weak Below / Strong Above 9973.


Banknifty Future  (Bias - Negative


Weak Below / Strong Above 23636.  
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Nifty Spot Update EOD 23rd March, 2018 - Simple Math

Nifty is correcting the rise from 7893.80 to 11171.55 and 9919.45 (Approx) is 38.2% retracement level and 9532.65 (Approx) is 50% retracement level. 

6825.80 and 7893.80 trendline support is around 9800 levels this month and will rise next month.   9770 - 9850 - 9930 Strong Gann Support. Let us see!

Intraday 23-3-2018

Nifty Future (Bias - Negative) 



Weak Below / Strong Above 10027.  


Banknifty Future  (Bias - Negative)



Weak Below / Strong Above 23940.  

Update On Nifty and Banknifty Spot

Nifty might make March low at today's first hour and rally back to 10250-10350 level initially
Banknifty might make March low at today's first hour and rally back to 24400-24600 level initially

The rally likely to be for about 4 days at least.  Let's see how things work out.  

Nifty will face risk if sustains below 10047 and Nifty will face risk if sustains below 23832.

Update for the Indexes

Today's high low crucial and next 6 days as well

Update

Indexes High risk zone for making another lower low! Unless it is able to run away to safety! Trade the levels.

Intraday 22-3-2018

Nifty Future (Bias - Negative) 

Weak Below / Strong Above 10206.  


Banknifty Future  (Bias - Negative)

Weak Below / Strong Above 24391.  

Update on Nifty and Banknifty Spot - EOD 21-3-2018

Holding above 10090.65 (Pref. within 10117-10135 Zone) Nifty may target 10314-10393 or more in next few days.

Holding above 24082.95 (Pref. within 24158-24269 Zone) Banknifty may target 24655-24800 or more in next few days.

Charts will come later

Update

Nifty likely to survive 10000 and rally with time!  As Sensex couldn't retrace the target in time and looks unlikely.  A revised chart will be posted soon.

Intraday 21-3-2018

Nifty Future (Bias - Negative) 

Weak Below / Strong Above 10164.  

Banknifty Future  (Bias - Negative)

Weak Below / Strong Above 24259.  

Update (Correction)

The Nifty Diametric retracement has happened and Sensex retracment is still due and today is the 31st day. If only by gap down tomorrow the sensex low gets retraced the structure gets completion confirmation.  Sensex retracement is still due 32565-32595 (Approx)!

Intraday 20-3-2018

Nifty Future (Bias - Negative) 

Weak Below / Strong Above 10072.  


Banknifty Future  (Bias - Negative)

Weak Below / Strong Above 24240.  

EOD 19-3-2018

We are correcting the rise from Dec 2016 to 1st Feb 2018 (7893.80 Low - 11171.55 High).  The rise was a Diamond Diametric and it seems we are nearing completion of the A-Leg down of the correction and B-Leg up may start soon. The Rise was about 13 Months plus. 

Intraday 19-3-2018

Nifty Future (Bias - Negative) 

Weak Below / Strong Above 10197

Banknifty Future  (Bias - Negative)

Weak Below / Strong Above 24518  

Update on Indexes

Banknifty looking stronger of the two.  March has been exceptional till now.

16-3-2018 Intraday

Nifty Future 
Weak Below / Strong Above 10341.

Banknifty Future 
Weak Below / Strong Above 24769.

Intraday 15-3-2018

Nifty Future         -> Weak Below / Strong Above 10397. 
Banknifty Future -> Weak Below / Strong Above 24918.

Intraday 14-3-2018

Nifty Future Weak Below / Strong Above 10388.
Banknifty Future Weak Below / Strong Above 24696.

Update on Nity Spot

Trend may remain up with sharp corrections almost upto expiry. 10478 plus 10600 plus likely.

Update

Above Yesterdays high only strength in Nifty and, Banknifty else selling pressure will keep coming!

Nifty and Banknifty Update

So far, so good and on expected lines!!  Next two days some caution needed! May be sidewise! Hourly nearing overbought!

Nifty EOD Short Term Chart as on 9-3-2018 (Revised)

In the chart resistance lines are visible.  I see a triangle or a diametric formation and if that is so we are going up for x-wave.  This is very tentative labelling and can change.  let's see if we can break into the earlier 10400-10600 band (approx) again and x-leg can target upper band resistance line or more also!  

Update on Nifty and Banknifty Spot

10275-10350 For Nifty Spot  Key resistance zone for further upsides.

24500-24800 For Banknifty Spot Key resistance zone for further upsides.

Update

Indexes looking good as of now for more upsides!

Update on Banknifty Spot

24500-24650 main resistance for Banknifty above which it can fly. 24350 holding necessary. If the bottom is done it may hold.

Update on Nifty Spot

If the bottom has already been made as a truncated ZZ in Nifty then some more confirmations are due!  Holding 10262 plus enhances the hope for Nifty Spot.

Update on Nifty and Banknifty Spot

10245 plus Nifty Spot gets safety belt!
24341 plus Banknifty Spot gets safety belt!

Update on Nifty Spot

Crucial time upto 12th March, 2018 to see we are dipping further.  For immediate term watch next 2 days if 10075 can be retraced. 

Extremely OS so bounce was inevitable!

Nifty and Banknifty is little oversold now!!

Wheather Oversold bounce can come or a trend reversal needs to be seen. Nothing is looking good as of now. We may be a close to a strong support but will it hold? 

Update on Nifty Spot

Today / tomorrow is important for probable reversal of downtrend! Bull / Bear both should be alert!

Update on Nifty and Banknifty Spot EOD 6-3-2018

Please note the following important data for Nifty and Banknifty Spot

10078-10151 Nifty Should bottom out close below 10078 will bring deeper fall up to 9737 or lower ! 10262 plus strength.


24123-24336 Banknifty Should bottom out Close below 24123 will bring deeper fall up to 23134 or lower !  24652 plus strength.

Last leg down for Nifty!

Last leg down is happening and this will convert into a Zigzag the moment Nifty Spot hits below 10276.30. Now we have to wait for the minimum time limit to catch the bottom. Thursday will be important.

Crazy Moves for the Indexes

These Crazy Moves certifies that time correction hasn't got over for the Indexes!! Enjoy the Support resistance trades.

Update on Nifty and Banknifty

Coming Thursday (8th March 2018) onwards new deeper correction chance will start reducing and 15th March onwards it will erode.  Quality stocks must be accumulation must start right away.

Update On Nifty and Banknifty

Nifty / Banknifty Completed about 22 days correction from the top it had hit on 29th of Jan, 2018.  Now Correction time left is about 3 to 8 days (expected) and thereafter a fresh up-move may resume.  The structure is still bit confusing and is open from all sides.  Today's close may give some hint for the kind of correction that may be expected else we have to wait for the time correction to get over.

10490 Middle Point for Nifty so watch it for direction!